As well as taking over the payments, we agreed to pay the seller's past property taxes, late payments and late fees to make the note current. All of this was to be included in the purchase price and whatever was leftover went to the seller, about 39,000. However, the escrow company failed to keep enough to cover the last 2 missed payments ($5500).... more
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Most auction are cash only and no inspections sold as is. Some auctions also include the buyer paying any back taxes or liens so you have to do the research and title searched to know. Most call for payment within 30 days or less so no tome to get a mortgage.... more
Hey Sara and World Traveler, I need to be honest here, my primary residence is in California, me and my brother bought a property in Texas and our plan was to use as second home because my company has a branch there and we thought it would be better if we go there and stay at house. I just closed my loan yesterday and meanwhile it was decided that with change in job responsibilities I will not be visiting that site often.
What would you suggest ? Should I change it to investment property ? I am sure lender will think I really did fraud but it was not true. How do I deal with situation do they really monitor once the loan closes ?... more
It really depends on your home; but in my experience, adding log siding in Big Bear can actually have an ROI of greater than 100%, if you are planning on selling. The vast majority of our buyers up here are looking for log-style homes; but because full-log construction is much more expensive, most of them settle for something a little more conventional. Because of this, we have had clients in the last couple of years (and we've done it ourselves); add log siding to homes and increase the value well beyond what it actually cost to add the siding. If you'd like us to drive by your house and give you an estimate of value with and without siding, please give us a call at 909-521-0330 or visit our web-site below and fill out a contact form: http://www.bigbearteam.com.... more
Since you posted this question in December 2013, you probably have found a place to live. If you are still looking I have a 2 bd 2 ba condo in the Boulder Bay area, fully furnished, for $950 a month with a one year lease.
There are a couple of places in Big Bear that have Karaoke regularly.
B's Backyard BBQ, Diamond Lil's and the Bowling Barn.
Call me for real estate information buying or selling.
RE/MAX Big Bear Tina Schmitt 909-866-6161... more
The ROI for an investment property in Big Bear depends on a lot of things. What type of property are you considering?
Most people who ask this question are considering buying a vacation home and renting it out part of the time when they are not using it.
If you only consider the Cash Flow component of owning your Big Bear home as your "Return On Investment" then you will likely be disappointed because you'd have to make a large percentage of a down payment when buying your Big Bear home in order for it to cash flow positive on a vacation rental program. If you also consider the enjoyment of your Big Bear home as part of the return on your investment then you are crazy not to buy a home in Big Bear. There is no way to put a cash value on the memories you will make up here in Big Bear in your mountain cabin retreat but I can guarantee that it will be the best ROI you have ever received on any investment in your lifetime.
If you also consider the appreciation you will get when you sell your Big Bear home then your home will have a big ROI even from a cash on cash standpoint. When you are ready to buy your Big Bear Home check out my website with every Big Bear home for sale at: www.SearchBigBearRealEstate.com
Big Bear is Southern California's only 4 season resort with skiing & snowboarding in the winter, mountain biking and hiking in the spring and fall and lake activities ranging from wake boarding to fishing in the summer. Because of it's unique location in the mountains and because it is surrounded by national forest it has a limited supply of homes for sale and it can't keep expanding outward as people discover our mountain paradise and demand grows. Big Bear serves populations of Millions who are in San Diego, LA, Orange County, and Palm Desert and it becomes more and more popular every year. There are many professional athletes (MMA fighters, Boxers, Pro Mountain Bikers, Skiers, and Snowboarders) who train up here due to the high altitude, clean air and number of sunny days per year.
In conclusion, Buy a vacation home here in Big Bear and you won't regret it. Your ROI will be the quality of life you live, and the memories you make with family and friends here, as well as a little extra cash to help you get by.
Owner Rahill Real Estate Group
Keller Williams Of Big Bear
(909) 547-4402... more
There was no link or address provided in your question. If it sounds too good to be true, then it probably is. Scroll down to the bottom of the listing to find the agent/landlord/ property manager's contact info. Because of the many scams on here, I usually suggest people contact a local property management company directly. Good luck!... more